Carrefour Net Plunges 29%, BNP Paribas Net Swings to Profit

Nigel Thomas
31 Jul, 2015
New York City

Airbus net surged 34% to

[R]4:00 PM Frankfurt – Airbus net surged 34% to €1.5 billion. BNP Paribas net swung to profit to €4.2 billion. BG net plunged 58% to $994 million on 25% drop in revenues. Carrefour profit tumbled 29% to €304 million. IAG net soared 246% to €332 million. Lloyds Banking profit climbed 32% to £925 million.[/R]

In London trading, FTSE 100 index rose 12.76 or 0.2% to 6,681.35 and in Frankfurt the DAX index fell 58.10 or 0.5% to 11,205.59.

In Paris, CAC 40 index edged down 3.86 to 5,042.56.

For the week, FTSE 100 index increased 1.5% and the DAX index slipped 1.3% and the CAC 40 index slid 0.3%.

For the month, FTSE 100 index gained 1.1% and the DAX index rose 0.2% and the CAC 40 index jumped 3.3%.

For the twelve month period to July, FTSE 100 index fell 0.7% and the DAX index surged 19.1% and the CAC 40 index soared 18%.

Airbus Group SE soared 4.2% to €65.02 after the aerospace and defense contractor reported revenues in the first-half ending in June jumped 6% to €28.89 billion or €27.20 billion in a year ago period.

Net profit in the period surged 34% from a year ago to €1.52 billion compared to €1.14 billion and diluted earnings per share gained to €1.94 from €1.45.

Airbus said revenues in commercial aircraft segment climbed 9% to €21.08 billion and revenues in helicopters segment increased 5% to €2.95 billion while revenues in defense and space business was nearly flat at €5.53 billion.

BNP Paribas SA jumped 2.7% to 59.22 after the France-based banking and financial services provider said revenues in the first-half ending in June surged 13.7% to €22.14 billion or €19.48 billion in a year ago period.

Net in the period swung to profit from a year ago to €4.20 billion compared to a loss of €2.82 billion and diluted earnings per share swung to €3.22 from diluted loss per share of €2.35.

Separately, the group said it had booked loss of €5.95 billion in the first-half of last year related to settlement with the U.S. authorities.

The bank added revenues in operating division soared 12.2% and revenues in international financial services surged 20.7% and revenues at corporate and institutional banking climbed 15.6%.

BG Group Plc increased 0.9% to 1,089 pence after the U.K.-based liquefied natural gas producer reported revenues in the first-quarter ending in June declined 25% to $7.97 billion from $10.56 billion in a year ago period.

Net profit in the period plunged 58% from a year ago to $994 million compared to $2.36 billion and diluted earnings per share declined to 29.1 cents from 69.3 cents.

Carrefour SA rose 0.1% to €30.97 after the France-based supermarket and convenience stores operator reported net sales in the first-half ending in June jumped 5.2% to €37.74 billion or €35.87 billion in a year ago period.

Net profit in the quarter tumbled 29.1% from a year ago to €304 million compared to €428 million.

International Consolidated Airlines Group, SA slipped 1.5% to 534 pence after the Spain-based airliner and the parent of British Air stated revenues in the first-half ending in June climbed 11.6% to €10.36 billion or €9.29 billion in a year ago period.

Net profit in the quarter soared 245.8% from a year ago to €332 million compared to €96 million and diluted earnings per share gained to €15.8 from €4.2.

The airline added passenger revenues jumped 10.9% to €5 billion and revenues in cargo business increased 8.8% to €259 million but other revenues surged 17.6% to €394 million from a year ago period.

ITV Plc jumped 3.2% to 280.20 pence after the television broadcasting company announced today that U.K.-based privately held Liberty Global Plc the owner of Virgin Media increased its stake to 9.9% from 6.4% or acquired additional 138.7 million shares valued at £380 million.

Liberty Global confirmed that it does not intend to acquire ITV.

Lloyds Banking Group Plc slumped 2.6% to 83.80 pence after the U.K.-based financial services provider said total revenues in the first-quarter ending in June declined 15.8% to £11.81 billion from £14.03 billion in a year ago period.

Net profit in the period climbed 32.3% from a year ago to £925 million compared to £699 million and diluted earnings per share increased to one penny from 0.8 pence.

Lloyds said underlying profit in the period soared 15% to £4.38 billion from a year ago period mainly due to higher income, flat costs and lower impairment charges.